RONB vs SPY
Baron First Principles ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | RONB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 29 | 505 | |
| YTD Return | -4.16% | +13.75% | |
| 1Y Return | - | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -19.4% | -56.5% | |
| Fund Family | Baron Funds | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 12, 2025 | Jan 22, 1993 |
RONB vs SPY Performance
Baron First Principles ETF (RONB) is a ETF from Baron Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, RONB is down 4.16% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -19.4% for RONB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
RONB charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, RONB currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
RONB and SPY share 9 holdings out of 516 unique holdings combined, representing a 2.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RONB or SPY?
RONB has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
What is the holdings overlap between RONB and SPY?
RONB and SPY share 9 common holdings with a 2.5% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, RONB or SPY?
RONB yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.